JLB & Associates Inc. Takes Position in Cboe Global Markets, Inc. $CBOE

JLB & Associates Inc. bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, Holdings Channel reports. The firm bought 8,118 shares of the company’s stock, valued at approximately $1,970,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares during the period. Empowered Funds LLC raised its holdings in shares of Cboe Global Markets by 132.4% in the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares during the period. Woodline Partners LP lifted its stake in Cboe Global Markets by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after purchasing an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Cboe Global Markets by 138.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after purchasing an additional 198 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Down 1.4%

Shares of CBOE opened at $290.99 on Wednesday. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The firm has a market cap of $30.86 billion, a P/E ratio of 150.00 and a beta of 0.61. The firm’s 50-day simple moving average is $274.88 and its 200 day simple moving average is $292.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period last year, the business posted $2.46 earnings per share. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of research analyst reports. Loop Capital set a $380.00 price target on Cboe Global Markets in a report on Monday, August 3rd. Piper Sandler dropped their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. UBS Group raised their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $315.30.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.